• Watchlist/Portfolio

    Add to watchlist:

    Only registered members can add into watchlist !

    Register here !
Advertisement

Edenville Energy PLC is the holding company of an exploration and development group focused on progressing Tanzania's Rukwa Coalfields towards commercial development. Since acquiring the project in 2010 Edenville, in conjunction with Wardell Armstrong International, have delineated a JORC-compliant resource for the Mkomolo deposit and will embark on an extensive work program to extend and better quantify the initial resource over the course of 2012.

 

The Group is led by a management team who have international experience of energy minerals and mining in emerging markets worldwide. The Group actively engages with local partners and, when necessary, draws on its internal and external expertise at a global level to develop the mineral assets while maintaining a disciplined asset and cost base.

Website:
http://www.edenville-energy.com/
Phone:
+44 (0)20 7653 9855
Address:
Aston House, Cornwall Avenue, London N3 1LF.
Super Sector:
General Mining - Coal
Sector:
Mining
Industry:
General Mining
EPIC / Symbols:
LON:EDL
chart-size
*subject to change and depends on individual circumstances.

Edenville Energy RNS Press Releases

rss
  • Page 1 of 54

Edenville Energy Articles, News, and Media Files

rss
  • Page 1 of 2

Broker press

  • Page 1 of 2
  • 04/11/11
    +0.01 +0.38

    Press: Edenville Energy rose on news that it had completed drilling at the Rukwa Coalfield project in Tanzania. Source - Financial Times

  • 04/05/11

    Press: 04.05.11: -0.03, (1.20) Press: Edenville fell despite Grandinex International, an investment vehicle controlled by businessman Frank... read more

  • 06/12/10
    +0.19 +1.03

    Press: Edenville Energy rose strongly on rumours of a bullish update from its projects in Tanzania. Source - Financial Times

  • 06/10/10

    Press: 06.10.10: .-3, (.95) Edenville Energy was unchanged at 0.98p after announcing that City trader Chris Potts had acquired an 8% holding.

  • 13/09/10

    Press: 13.09.10: .-7, (.86) an article in the Guardian reports: Edenville Energy rose 16% to 0.9p following a positive update on its... read more

Director dealings

  • Page 1 of 2
Date Director Trans Amount Type Price(p) Value (£) Holding %
24/10/11 S. Rollason BUY 2,660,603 ORD 0.37 9,844 2,660,603 0.08
21/10/11 S.J. Schofield BUY 1,319,261 ORD 0.38 5,013 1,319,261 0.04
04/05/06 V. Stanzione BUY 500,000 ORD 4.00 20,000 45,567,300 70.80
10/05/05 V. Stanzione BUY 450,000 ORD 5.00 22,500 0,000 N/A
10/05/05 V. Stanzione BUY 1,000,000 ORD 5.25 52,500 45,067,300 70.22

BASIC RESULTS INFORMATION

  • Page 1 of 4
Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/14 Interim 0.00 -0.53 -0.01 0.00 GBX
31/12/13 Full year 0.00 -2.37 -0.05 0.00 GBX
30/06/13 Interim 0.00 -0.30 -0.01 0.00 GBX
31/12/12 Full year 0.00 -0.64 -0.01 0.00 GBX
30/06/12 Interim 0.00 -0.32 -0.01 0.00 GBX

Company Statement

Edenville Energy’s strategy is to undertake mineral exploration of its portfolio of coal and uranium assets and ultimately to increase the value of its assets through the development of these resources and where appropriate, commence production of these economically feasible assets. Edenville has both coal hosting uranium projects and coal projects. The Company will initially evaluate potential targets within the prospective hosted assets where both uranium and coal are expected to occur together.

 

The Company will actively manage geological exploration on the licences by implementing a phased strategy that will progressively increase the level of geological understanding for each licence to facilitate more focused exploration and resource development in the longer term. All field work will be conducted by citizens of Tanzania under the direct supervision of Edenville Tanzania, who in return report directly to the Board of Edenville. 

 

Initial work will consist of a desk-top review involving the collection, collation and reinterpretation of all available historical data, supplemented by regional-scale geological reconnaissance mapping and sampling. This will define the host geological units for mineralisation and allow for progressively more focused and detailed exploration that will potentially lead into a drilling campaign and ultimately ore body delineation and subsequent mineral resource estimations.

 

Edenville Energy’s southern projects lie at the crossroads of the Mtwara Development Corridor Program, a regional development initiative involving areas of four co-sponsoring countries (Malawi, Mozambique, Zambia and Tanzania), that are or can easily be served by the Indian Ocean port of Mtwara.

 

The program includes the development and rehabilitation of roads, lake ports, pipelines, and air transport facilities, many of them with private sector participation.

Current Operations


EXPLORATION

 

Rukwa Coalfields Overview

• The coalfields of Tanzania have been known since the beginning of the last century.

• Coalfields last explored in 1950's by Tanganyika Geological Survey (TGS) and the Colonial Development Corporation (CDC).

• Only recently have modern exploration methods been applied to a number of the known coalfields.

 

2012 Work Programme – Coal Focus:

The company is fully funded to undertake the proposed 2012 work programme.

• Maiden JORC compliant resource at Mkomolo announced April 2012

 

 

Highlights

· Company is investigating the Mkomolo Basin on the Rukwa Coalfield, one of Edenville's three known coal deposits on the field

· Maiden inferred JORC compliant Mkomolo resource of 39 million tonnes (39Mt) @ 17 MJ/kg (float density - 2.0 and Yield - 26%)

· Phase 1 drilling at Mkomolo covered a strike length of approximately 6km

· Mkomolo remains open to the north, potentially for a further 3.5 km, and down dip

· The 2012 drill programme will delineate these extensions to the Mkomolo coal seams and also test the Muze and Namwele Deposits

· Geophysics and drill contracts signed, field work to commence May 2012

 

• Q2 2012 - extensive drill program will test extensions to the Mkomolo coal deposit allowing the upgrade and expansion of the current 39Mt inferred resource.

 

• Q3, Q4 2012 - Test drilling of the nearby Muze and Namwele

 

 

COAL AND URANIUM

 

COAL Strategy

• Key project:- Rukwa Coalfields.

• 3 additional prospective coal projects.

• 2 projects prospective for uranium in central Tanzania.

• Exploration and development of coal for domestic and regional sale.

• Coal licences in Southern Tanzania form initial exploration focus.

• Situated within Mtwara Development Corridor- East African economic growth zone.

• Rukwa Coalfields project acquired in Q3 2010.

 

Coal in Tanzania

• Huge regional market supporting scalable mining operation.

• Low cost mining environment.

• Situated in Government backed economic development zone.

• Active coalfield development (Atomic Resources) 18km from Matiri licences.

• Government long term aim to create transborder trade and investment, linking Malawi, Mozambique, Tanzania and Zambia.

• Memorandum of Understanding (MoU) has been signed between the National Development Corporation (NDC) of Tanzania and the Henan No.1 Thermal Power Construction Company (HPPC) of China relating to the construction of a 400Mw power station.

 

 

Tanzania and Uranium

• Mining code fully supports exploration and production.

• Highly active uranium exploration region (Tanzania, Malawi, Uganda and Zambia).

• Feasibility Study (with 84 million pounds of U308) 120km from Edenville Matiri licence.

• Pre-feasibility study (Uranex NL) underway 60km from Edenville Ikungu licence.

• Close proximity to coastal export routes – good existing infrastructure.

• Political very stable.

Management

Chairman

Simon Rollason, BSc (Hons) Geology, MIMMM, FGS, Aged 43.

Simon graduated from the University of the Witwatersrand, South Africa in 1990 with a B.Sc (Hons) degree in Geology. He has gained 20 years international experience working in both mining and geological exploration. During this time, Simon has worked in Africa, the Middle East, Central Asia and the Far East with both multi-nationals and junior resources companies.

Simon has worked on gold, nickel, copper, base metals, uranium and gemstone projects, ranging from grassroots to producing assets. He has been involved with and managed operations that have varied from exploration and evaluation projects to successful feasibility studies.

Simon is the Managing Director of Obtala Resources Plc, and was appointed to the Board of the Company in June 2009. He is a Fellow of the Geological Society and a member of the Institute of Materials, Minerals and Mining, the Society of Economic Geologists and the Society of Mining, Metallurgy and Exploration.

 

Finance Director

Rakesh Patel, BA Economics, FCCA, CF, Aged 46.

Rakesh Patel qualified as a chartered certified accountant in 1991. From 1992, he led the corporate finance division of Gerald Edelman, chartered accountants, dealing with acquisitions, disposals, mergers, private placings and stock market flotations.

Rakesh was involved in advising on the acquisition of Ryman the Stationer and left the firm in 1996 to become group financial controller of Chancerealm Limited, a group including Ryman Limited where he was involved in the acquisition and integration of Contessa Ladieswear Limited. Rakesh returned to Gerald Edelman in 1997 until leaving in March 2003 to join Adler Shine LLP, chartered accountants, where he heads the firm’s corporate finance division.

Rakesh has acted in over 30 transactions including companies quoted on AIM as Reporting Accountant and has also acted as interim or part-time director to a number of private and public companies. He is currently chief executive officer of The Niche Group plc and non-executive director of Deo Petroleum plc and Mountfield Group plc, which are quoted on AIM. Rakesh will have responsibilities for the finance function of the Enlarged Group.

 

Chief Executive Officer

Mark Pryor, BSc (Hons) Geology & Mineralogy, FGS, FSEG, Pr.Sci.Nat, Aged 50.

Mark Pryor is an Independent Geological Consultant working with private mining and exploration groups, based out of the United Kingdom and holds a B.Sc (Hons) degree from the University of Aberdeen. He has 25 years of management experience in advanced stage exploration and mine development projects worldwide. He is a ‘Qualified Person’ as defined by the Securities Commission and regularly submits Independent Technical Reports for companies wishing to list on the Stock Exchange as well as Independent Technical Reports and press releases for quoted companies. 

Mark has worked for major and mid-tier mining companies and has many contacts within the venture capital sector of the mining industry. Mark has extensive global experience having worked in Mexico, EurAsia, China, Southern Africa and South America, holding management positions in recognised companies in the industry including Placer Dome, Minefinders, Monarch Resources and Anglo American. 

Mark is an associate of SRK (UK) Ltd and is a Fellow of the Geological Society, Society of Economic Geologists and is a registered Natural Scientist (Pr. Sci. Nat).

 

Non Executive Director

Sally Schofield, BEng (Hons) Industrial Geology, ACSM, FGS, MIMMM, Aged 40.

Sally’s career has seen her work in commercial, technical and operational capacities in geographically and politically diverse regions including Kazakhstan, Albania, Central America, Brazil and Chile. She gained early exposure to the technical, corporate and investor relations functions of the mining business before crossing sectors to work with RMC, now part of CEMEX, the global building materials giant. 

Sally returned to mining in 2003 and became a Director of AIM – listed Latitude Resources plc, a company with copper and gold assets in Chile. As Chief Operating Officer of that company she relocated to Santiago, Chile, in 2006 with direct responsibility for an exploration program that developed a portfolio of exploration projects into a saleable asset. Sally then worked for a natural resource focused fund identifying potential assets. 

Her business skills have been recognised by several external parties, including Management Today, Courvoisier Future 500 and HM The Queen. Sally graduated from the Camborne School of Mines with a First Class B. Eng (hons) Industrial Geology in 1995, is a Fellow of the Geological Society (FGS) and a professional member of IOM3 (MIMMM).

Major Shareholders

Major Shareholders

Barclayshare Nominees Limited = 8.73%

James Capel (Nominees) Ltd = 6.53%

JIM Nominees Limited = 3.80%

Lion Nominees Limited = 3.70%

Nomura Nominees Limited = 6.42%

LR Nominees Limited = 4.66%

HSDL Nominees Limited = 4.90%

Direct Investing (Nominees) Ltd = 8.49%

Investor Nominees Ltd = 4.76%

Credit Agricole Cheuvreux Int Ltd = 4.63%

Vidacos Nominees Ltd = 6.75%

TD Wealth Institutional Nominees (UK) Ltd = 5.58%



 

  • Additional Information
    Market
    AIM
    EPIC
    EDL
    Share Price
    0.05p
    Change
    0
    Volume
    3,529,729
    Dividend
    0
    EPS
    -0.05
    Shares
    6,686.92 m
    Offer
    0.06
    Bid
    0.04
    Avg. Vol
    4,984,771
    Yield
    0.00
    P/E
    -265.26
    Mkt Cap
    £3.34 m
  • Contact Information

    Company Address

    Aston House,

    Cornwall Avenue,

    London, N3 1LF.

    info@edenville-energy.com

     

    Registered Office

    Edenville Energy PLC,

    Aston House,

    Cornwall Avenue,

    London, N3 1LF.

    Corporate Information

    Solicitors

    Harbottle & Lewis LLP,

    Hanover House,

    14 Hanover Square,

    London, W1S 1HP.

     

    Bankers

    Barclays Bank,

    11/12 Market Square,

    Buckingham, MK18 1NS.

     

    Auditors

    H W Fisher, Acre House,

    11-15 William Road,

    London, NW1 3ER.

     

    Nominated Advisors and Broker

    ZAI Corporate Finance Ltd,

    12 Camomile Street,

    London, EC3A 7PT.

     

    Registrars

    Capita Registrars,

    PO Box 25,

    Beckenham, BR3 4BR.

     

    Company Secretary

    David Venus and Company LLP,

    Thames House,

    Portsmouth Road,

    Esher,

    Surrey, KT10 9AD.

     

    Public Relations

    Threadneedle Communications,

    Fifth Floor,

    7 Ludgate Broadway,

    London, ECV4 6DX.

  • ProactiveInvestors on Facebook